Refinance / Cash Out Loans in Westlake, Louisiana

There are 23 hard money lenders offering refinancing in Westlake, LA.
In this city, the average loan amount is $296,389.
Rates for hard money loans average about 10.5%.
16 months is the average length for notes issued in this city. The average hard money loan made in this city includes a 3.2 percent origination charge. 73% is the median loan to value (LTV) for offered by lenders in Westlake.

Loan Example 1

Cody
owns a small business in Westlake, LA. He runs his operations from a commercial building which he owns in full. So he can obtain much needed funds to operate his company, he cashes out some of the equity he has in his property via a hard money cash-out refi loan from Evergreen Lending Company
. In exchange for a first lien position on the real estate, the lender will fund Cody
40% of its $2,600,000 estimated market value. Additionally, they agree to a 9% interest rate, a 3 year loan term, and will collect an origination fee of 2 points at closing. Interest-only payments are to be paid monthly with the principle re-paid when the note expires.
Based upon the specifications of this loan, Evergreen Lending Company
will loan Cody
a total of $1,019,200 on his real estate ($2,600,000 market value x 40% LTV - $20,800 in origination points). Cody
will pay $7,800 per month in interest payments until the note matures and will then re-pay the $1,040,000 face amount on the note.

Loan Example 2

Glenna
operates a small business in Westlake, LA. She runs her operations from an industrial building which she owns in full. She makes an agreement with her business partner to purchase their share of the operation but she doesn't have the fund to do so. In order to make the transaction move forward, she takes cash from the equity in the property via a private money cash out refinance from J & T Lending Corporation
.
After concluding the building to be worth around $700,000, they agree to a 45% loan-to-value (LTV) for the transaction.
The additional stipulations of the deal are as follows : 1) a 14% interest rate, 2) a 2 year maturity with interest-only payments paid each month, and 3) 4 points paid at the closing.
Based upon the rules of this deal, J & T Lending Corporation
will give Glenna
a sum of $302,400 on her property ($700,000 value x 45% LTV - $12,600 in origination charges). Glenna
will then pay $3,675 monthly in interest fees until the loan expires and will then pay back the $315,000 principle amount of the loan.

Anchor Loans is a California based Hard Money Lender. They provide loans in 46 states throughout the US. They are the largest Fix-and-Flip lender in the U.S. lending over $6 Billion life-to-date in total loan volume to real estate ...

Secured Investment Lending is private lender headquartered in Lake Mary, FL. They provide funding in 49 states throughout the country.
They provide lending solutions for a variety of scenarios, including short term bridge loans, commercial loans, cash ...

Temple View Capital is private lender headquartered in Bethesda, MD. They provide loans in 20 states throughout the US.
They provide short term fix and flip loans, cash out loans, private commercial loans, loans for rental properties, ...

Patch of Land is an asset-based lender based in Los Angeles, CA offering funding all throughout the US.
They offer short term bridge loans, private commercial loans, long term rental property loans, refinancing, and fix and flip loans.
...

Capstone Financial is a Scottsdale, AZ based hard money lender who provides loans all across the US.
They provide lending solutions for a variety of needs and situations, including cash out loans, fix and flip hard money loans, short ...

Based in Hamilton, NJ, Creative Hard Money LLC is a private lender offering loans throughout the United States.
They provide loans for many different scenarios, including fix and flip loans, cash out hard money loans, rental property loans, ground-up ...

Gokapital Mortgage is a Miami, FL based private lender who provides funding all throughout the US.
They provide lending solutions for a variety of situations, including loans for rental properties, cash out hard money loans, fix-and-flip loans, hard money ...

Headquartered in Neenah, WI, Peak Choice Capital is a private lender providing funding in 45 states throughout the US.
They offer short term bridge loans, buy and hold loans, cash out loans, fix-and-flip loans, and private commercial loans.
...

Asset Avenue is private money lender based in Los Angeles, CA. They provide loans in 44 states across the United States.
They provide loans for a variety of needs and situations, including short term loans, investment property ...

Lima One Capital is a hard money lender based in Greenville, SC providing loans in 40 states across the US.
They offer loans for many different scenarios, including fix-and-flip hard money loans, construction loans, refinancing, and investment property ...

Based in Johnson City, TN, Riverdale Funding is a hard money lender offering loans in 37 states across the country.
They provide lending solutions for a variety of scenarios, including loans for investments properties, commercial hard money loans, fix ...

Headquartered in South Windsor, CT, RCN Capital is a hard money lender providing funding in 47 states across the country.
They provide loans for many different scenarios, including cash out loans, fix-and-flip hard money loans, commercial hard money loans, ...

Sunset Equity Funding is a hard money lender based in Los Angeles, California. They issue loans in all states except for Alaska, North Dakota, and South Dakota. Their loan offerings include purchase loans, fix and flip loans, new ...

Sharestates is a Great Neck, NY based hard money lender. They provide loans in 46 states across the US. They offer lending solutions for a variety of needs and situations, including hard money loans for commercial properties, fix ...

Based in Englewood Cliffs, NJ, Kennedy Funding Financial is a hard money lender providing funding across the US.
They provide loans for a variety of situations, including cash out loans and hard money loans for commercial properties. They ...

Headquartered in Encino, CA, South End Capital is a hard money lender offering funding all across the US.
They offer loans for a variety of scenarios, including hard money refinancing and commercial hard money loans. They issue ...

Revere Capital is an asset-based lender in Dallas, TX offering funding all throughout the United States.
They provide hard money loans for commercial properties, fix-and-flip hard money loans, loans for investments properties, and cash out loans.
They ...

Based in Water Mill, NY, Hamptons Financial is a hard money lender offering funding throughout the United States.
They offer short term fix and flip loans, private commercial loans, new construction loans, hard money refinancing, bridge loans, and ...

Huntington Coast Capital is hard money lender based in Huntington Beach, CA. They offer loans throughout the country.
They offer short term loans, cash out hard money loans, commercial loans, and builder loans.
They offer ...

MCG is a hard money lender based in Feasterville Trevose, PA providing loans across the US.
They provide hard money loans for commercial properties, refinancing, short term bridge loans, and builder loans.
They ...

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